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Ripple CTO David Schwartz recently recounted a cautionary tale about his experience selling Ethereum. In a recent post on X, Schwartz shared an incident where he decided to sell his 40,000 ETH at $1, to install solar panels on a house that, ironically, he no longer owns.
Expressing regret over the Ethereum sale, Schwartz lamented that the current value of the tokens he had previously sold would now amount to a staggering $100 million. The story ignited a theme of speculation among cryptocurrency investors especially the XRP community what they believe now to hold XRP.
XRP Community Bullish On Schwartz’s Statement
XRP community members noticed a subtle yet significant message in the tale shared by Schwartz. They interpret it as an encouragement to steadfastly hold onto their XRP, regardless of its price falling below $1.
In response, a pro-XRP user on X asserted that David Schwartz is conveying a message about the rewarding outcome of patience, foreseeing an anticipated surge in the value of XRP shortly.
In addition, Schwartz also shared a similar instance of his father pouring a lot of money into house renovation by selling apple stocks which went 5x afterward.
The story came amid the XRP price consolidation which left community members frustrated. Over a couple of weeks, when the crypto space was seeing a significant bull market, XRP didn’t move much which made investors go crazy.
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Uphold’s Vault To Support XRP
With recent developments, Uphold announced the launch of its self-custody wallet Vault. Uphold reflects its strategic approach to serving the vast XRP user base through the initial launch of Vault. Vault is a platform supporting Ripple’s XRP token.
Uphold’s CEO, Simon McLoughlin, highlighted the wallet’s simplicity and user-friendliness, asserting that Vault eliminates the challenges commonly associated with self-custody.
Meanwhile, as the story unfolds, XRP has experienced a remarkable jump in value making a breakout of the $0.60 resistance. At the press time, XRP price was trading at $ 0.694080 with a 24-hour trading volume of $20 billion. This indicates a price increase of 8.31% in the previous 24 hours and a price increase of 12.83% in the last 7 days.
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